ECONOMIST EDUARD AGHAJANOV: SERGE SARGSIAN DESERVES CRITICISM FOR BAD
PREPARATION OF DEBT FOR EQUITY PROGRAM

YEREVAN, DECEMBER 15, NOYAN TAPAN. The fact that the Russian side has
not yet invested in the Armenian enterprises transferred to Russia by
the Debt for Equity Program is the consequence of the program’s bad
preparation. Economist Eduard Aghajanov, former head of the Armenian
Statistical Department, expressed this opinion during the December 12
meeting at the National Press Club. In his words, "we should
criticize for mistakes" Serge Sargsian, RA defence minister, Armenian
co-chairman of the Armenian-Russian intergovernmental commission on
economic cooperation, which prepared the program badly. On the whole.
E. Aghajanov assessed positively Russia’s investment activities in
Armenia but he expressed a wish that particularly participants with
capital of other countries – Iran, even Azerbaijan would operate in
the country’s energy market, which would allow to avoid monopolies.